Finally My May 2018 Net Worth Post

Hi everyone I know I am a couple of weeks late with this post my apologies I have been busy with work and the World Cup has caught my attention. Today I am focused on finishing this post to give you guys a look at my financials to see if they have improved or declined from April.

May was a quiet month for me which is a positive. I did not make big purchases. One thing to mention about my employment at the end of May I got hired on as a part-time employee with my employer which is a step up from being classified as a supply custodian. I mention this because as a part-time employee I have 20 hours per week that is mine, on top of this my boss as placed me in a long term placement which gives me an additional 17.5 hours per week for a total of 37.5. This affects my finances because I now get paid every week which is kind of neat.

Let’s get to the numbers shall we!

All numbers are as of May 31, 2018

	May	April	Change
Cash & Savings	$6,074.21	$5,312.87	$761.34
Investments	$121,492.82	$120,214.00	$1,278.82
Car	$14,282.00	$14,282.00	$0.00
Liabilities	$9,984.57	$10,854.79	-$870.22

Cash & Savings (+$761.34)

	May	April	Change
Car Account	$1,316.38	$911.61	$404.77
Cash	$454.92	$559.96	-$105.04
Emergency Fund	$4,302.91	$3,841.30	$461.61

May was a good month for my savings, I was able to add more to my car account and emergency savings. I would like to eventually get my emergency fund up to $10,000 I don’t have a fixed deadline for this (maybe 2019??). In my April net worth post I mentioned that I would make an extra payment on my car loan well I delayed that until June.

Investments (+$1,278.82)

	May	April	Change
Locked in RRSP	$4,095.99	$3,948.00	$147.99
TFSA	$30,175.75	$29,195.00	$980.75
RRSP	$87,221.08	$87,071.00	$150.08

My investments saw a nice bump in May. This growth came from fresh capital that I deployed in the month and through dividends received ($369.72). One small concern I have is that my RRSP account didn’t grow. Above it says it grew by $150.08 but I received $200.33 in dividends without that I would have lost $50. I may need to take a look at my account and see if I need to make some changes.

Car ( $14,282.00)

I currently own a 2015 Hyundai Elantra GLS and according to Canadian Black Book the value of the car is now $14,282.00. I check this every three months.

Liabilities (-$870.22)

	May	April	Change
Credit Card	$97.54	$670.86	-$573.32
Car	$9,887.03	$10,183.93	-$296.90

My liabilities declined nicely in May, I was able to pay off my balances that I had at the end of April. I have a small amount on my cards at the end of May. Also I made my regular two monthly payments on my car.

Net Worth

 

Yay I surpassed $130k. When you put all the numbers together May was the second best month of 2018 for me my net worth increased by $2,910.38.

How did you guys do in May?? I hope it was positive. I promise that my June post will be done more quickly 🙂

Thanks for reading I appreciate your support.

Matthew

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